Residential Income Property with Enclosed
For Sale
$582,500
1001 N VERMONT STREET Unit 311, Arlington, VA 22201
Updated condominium residence with expansive enclosed outdoor space and access to extensive community amenities.
Property Size1,207 SF
Price / SF$482.60
Days on Market63
Property Features for 1001 N VERMONT STREET Unit 311
General Information
Standard status
Active
Size
1,207 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$6,003
Building Details
Building Size
1,207 SF
Year Built
2005
Listing Agency:
Weichert, REALTORS
Listed By:
Dana E Hofferber · License #0225240034
(571) 310-4081
Source:
Kerishull
Added: Aug 15
Changed: Oct 10
Last Checked: Oct 15 at 8:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert, REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,207-square-foot condominium residence offers two bedrooms and two full bathrooms within a 2005 building. The interior includes an updated gourmet kitchen with pantry, a separate dining area, a bright living room, and substantial built-in storage. A large wraparound enclosed balcony extends the living space, while the primary suite adds three closets and direct balcony access. The second bedroom includes a private bathroom with a tub and shower.
Building amenities include a 24-hour fitness center, rooftop pool and grill deck, party room, coworking area, concierge service, secure package room, and underground parking for cars or bicycles. The pet-friendly, smoke-free property is near Ballston Metro, retail, restaurants, I-66, and the Custis Trail, with rooftop views toward Washington, DC.
Building amenities include a 24-hour fitness center, rooftop pool and grill deck, party room, coworking area, concierge service, secure package room, and underground parking for cars or bicycles. The pet-friendly, smoke-free property is near Ballston Metro, retail, restaurants, I-66, and the Custis Trail, with rooftop views toward Washington, DC.
Key Highlights
- 1,207 SF condominium with 2 bedrooms and 2 full bathrooms
- Wraparound enclosed balcony with access from the primary suite
- Updated gourmet kitchen with pantry and dedicated dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,163
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,260
$363.3K
Cap Rate 7%
$259,471
$259.5K
Cap Rate 9%
$201,811
$201.8K
Market Conditions
NOI Build-Up for 1,207 SF
Gross rent
$34.8K $28.80/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$33.0K $27.36/SF
− OpEx
−$14.9K −$12.31/SF
NOI
$18.2K $15.05/SF
Area
Arlington, VA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,260
Cap Rate 7%
$259,471
Cap Rate 9%
$201,811
Alternative Uses
Best Use
Apartment 5plus
$259.5K
$227.0K – $302.7K
NOI $18,163 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$670.4K
$586.6K – $782.1K
NOI $46,928 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,867
Businesses Nearby
Explore this area
Business Placement
Demographics for 22201, VA
39,331
Population
21,787
Households
1.8
Avg Household Size
32
Median Age
86%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
17,100
Density / Sq Mi
$141,736
Median Household Income
$89,508
Median Earnings
$2,468
Median Rent
$760,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with expansive enclosed outdoor space and access to extensive community amenities.
Where is this residential income property located?
The property is located at 1001 N VERMONT STREET Unit 311 Arlington, VA.
What is the asking price?
The asking price for this property is $582,500.
What are key features of this property?
This property features: 1,207 SF condominium with 2 bedrooms and 2 full bathrooms; Wraparound enclosed balcony with access from the primary suite; Updated gourmet kitchen with pantry and dedicated dining area
